NZD/USD turned down
Last week NZD/USD made a significant thrust to the downside.
EUR/USD: bulls showed weakness
Recommendation:
SELL 1.1750 SL 1.1805 TP 1.1615
BUY 1.1860 SL 1.1805 TP 1.1950
On the daily chart, EUR/USD keeps forming 5-0. Pullbacks to 50% and 38.2% of the wave CD are usually used for selling. The inability of bulls to lead the pair outside of the downtrend channel points at their weakness.
On H1, a break below diagonal support at 1.1750 will open the way down to 127.2% of the ideal butterfly pattern. On the other hand, successful test of the local high at 1.1860 will mean the continuation of the “widening wedge”.
Ivan Karamazov
Similar
AUD/NZD: is it time for a correction?
AUD/NZD experienced an impressive rally since the end of March.
Stock market: insights for Citigroup
Citigroup stock jumped this week after the bank released its financial results for Q1.
Latest news
EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
Deposit with your local payment systems
